Elon Musk's net worth has risen to 677 billion dollars, thanks to the sales of SpaceX shares and the increased valuation of the company.
Lara Maior
Economy
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Elon Musk, the richest man in the world, has reached a net worth of 677 billion dollars, according to estimates by Forbes magazine. This increase was driven by recent stock sales of SpaceX by employees and investors, which led to a company valuation of 800 billion dollars, up from 400 billion dollars previously. Musk owns about 40% of SpaceX, and his wealth is primarily tied to his stakes in Tesla and SpaceX. Unlike Tesla, SpaceX is a private company, and its valuation is based on funding rounds and stock sales, not on stock prices. Elon Musk, a successful entrepreneur, founded SpaceX in 2002 and joined Tesla in 2004, having an impressive career path after graduating from the University of Pennsylvania.
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